Olaplex (NASDAQ:OLPX) Hits New 1-Year High – What’s Next?

Olaplex Holdings, Inc. (NASDAQ:OLPX)’s share price reached a new 52-week high on Monday . The stock traded as high as $2.04 and last traded at $2.0350, with a volume of 79657 shares. The stock had previously closed at $2.03.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Northland Securities lowered shares of Olaplex from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Telsey Advisory Group upped their price objective on shares of Olaplex from $2.00 to $2.06 and gave the company a “market perform” rating in a report on Friday, March 27th. Wall Street Zen upgraded shares of Olaplex from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Canaccord Genuity Group lowered shares of Olaplex from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Olaplex in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $1.92.

Olaplex Stock Performance

The firm has a market cap of $1.37 billion, a price-to-earnings ratio of -101.75 and a beta of 1.87. The stock’s 50 day moving average is $1.81 and its 200 day moving average is $1.53. The company has a current ratio of 6.27, a quick ratio of 5.34 and a debt-to-equity ratio of 0.40.

Olaplex (NASDAQ:OLPX) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Olaplex had a negative net margin of 3.53% and a positive return on equity of 2.23%. The business had revenue of $99.37 million for the quarter, compared to analyst estimates of $94.11 million. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Analysts anticipate that Olaplex Holdings, Inc. will post 0.09 earnings per share for the current year.

Insiders Place Their Bets

In other Olaplex news, CFO Catherine Dunleavy sold 93,809 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $1.26, for a total transaction of $118,199.34. Following the transaction, the chief financial officer owned 3,026,885 shares in the company, valued at $3,813,875.10. This represents a 3.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Trisha L. Fox sold 26,426 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $1.26, for a total transaction of $33,296.76. Following the transaction, the insider owned 721,169 shares in the company, valued at approximately $908,672.94. The trade was a 3.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 215,442 shares of company stock worth $271,457 in the last quarter. Corporate insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in OLPX. Headlands Technologies LLC acquired a new position in shares of Olaplex during the 4th quarter worth approximately $25,000. Chilton Capital Management LLC bought a new stake in Olaplex during the third quarter worth about $26,000. Abel Hall LLC bought a new stake in Olaplex during the fourth quarter worth about $27,000. Schonfeld Strategic Advisors LLC bought a new stake in Olaplex during the third quarter worth about $30,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Olaplex during the third quarter worth about $32,000. Institutional investors and hedge funds own 87.37% of the company’s stock.

About Olaplex

Olaplex, Inc (NASDAQ: OLPX) is a specialty haircare company known for its patented bond-building technology designed to repair and strengthen hair from within. The company’s core offerings encompass a range of professional salon treatments and at-home maintenance products that target chemical damage, breakage and split ends. Olaplex formulations are built around a proprietary active ingredient that works at the molecular level to rebuild disulfide bonds broken during bleaching, coloring and heat styling processes.

Founded in 2014 and headquartered in Irvine, California, Olaplex initially gained traction among high-end salons before expanding into broader retail channels.